S&P 500 "Labor Day" Analysis (as of 9/4/06)

Last # of Years (including 2005)
Correlations 5 10 25 44
Post Labor Day vs. Remaining Year Performance 0.571 0.588 0.389 0.333
Post Labor Day vs. Year-Over-Year 0.813 0.780 0.552 0.443
Post Labor Day vs. Year to Labor Day 0.815 0.564 0.231 0.216
Post Labor Day vs. Year-Over-Year, Pre-Labor Day 0.681 0.415 0.225 0.260
Year to Labor Day vs. Year-Over-Year 0.992 0.847 0.742 0.839
Last # of Years (including 2005)
% of Years Gain of Second is Higher Than First 5 10 25 44
Post Labor Day vs. Remaining Year Performance 80% 80% 80% 75%
Post Labor Day vs. Year-Over-Year 60% 70% 76% 70%
Post Labor Day vs. Year to Labor Day 20% 50% 72% 68%
Post Labor Day vs. Year-Over-Year, Pre-Labor Day 60% 80% 80% 73%
Year to Labor Day vs. Year-Over-Year 80% 80% 72% 68%
2006 Performance Change
Post Labor Day ?
Remaining Year Performance ?
Year-Over-Year ?
Year to Labor Day 5.02%
Year-Over-Year, Pre-Labor Day 7.63%